Pearson (LON:PSON) Stock Price Crosses Above Two Hundred Day Moving Average of $1,006.52

Pearson plc (LON:PSON - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,006.52 ($13.30) and traded as high as GBX 1,040.50 ($13.75). Pearson shares last traded at GBX 1,024 ($13.53), with a volume of 1,417,131 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on PSON shares. Deutsche Bank Aktiengesellschaft lifted their price target on Pearson from GBX 1,050 ($13.87) to GBX 1,052 ($13.90) and gave the stock a "hold" rating in a research note on Friday, July 5th. Citigroup reiterated a "buy" rating and issued a GBX 1,170 ($15.46) price target on shares of Pearson in a report on Monday, July 8th. Finally, Shore Capital reissued a "buy" rating on shares of Pearson in a research report on Monday, July 29th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of GBX 1,101.75 ($14.55).

Pearson Stock Up 1.1 %

The company has a debt-to-equity ratio of 43.56, a current ratio of 1.78 and a quick ratio of 1.07. The stock's fifty day simple moving average is GBX 1,040.66 and its 200-day simple moving average is GBX 1,006.97. The stock has a market cap of £6.87 billion, a P/E ratio of 2,060.00, a PEG ratio of 0.83 and a beta of 0.31.

Pearson Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, September 16th. Investors of record on Thursday, August 8th were issued a GBX 7.40 ($0.10) dividend. This represents a dividend yield of 0.7%. The ex-dividend date was Thursday, August 8th. Pearson's dividend payout ratio (DPR) is 4,600.00%.

Insider Activity at Pearson

In related news, insider Annette Thomas bought 383 shares of the company's stock in a transaction on Friday, June 28th. The shares were purchased at an average cost of GBX 985 ($13.01) per share, with a total value of £3,772.55 ($4,983.55). Insiders own 0.35% of the company's stock.

Pearson Company Profile

Pearson plc offers educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. The company operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Workforce Skills, and Higher Education.